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What Is MIB Group And How Does It Affect Life Insurance Applications?

KXLY February 18, 2021 4:00 AM Ashley Chorpenning - Forbes Advisor Posted: Updated: February 19, 2021 9:12 AM For most kinds of life insurance applications, the life insurance company will collect and evaluate a ton of information about you. Although insurance companies have a lot of information from the application and, often, a life insurance medical exam, they also often tap resources for extra data, such as the MIB Group. Who is the MIB Group? Operating in the U.S. and Canada since 1902, the MIB Group is a member-owned corporation that provides underwriting services to life and health insurance companies. MIB’s services help insurers gather information about a person’s risk and eligibility for life, disability, health and long-term care insurance policies.

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